Dermatology Diagnostic Devices Market - By Product (Imaging Devices, Dermatoscopes, Microscopes), By Application (Skin Cancer, Psoriasis, Dermatitis, Hair & Scalp Disorders, Acne), By End-use (Dermatology Centers, Hospitals, Clinics) – Global Forecast to 2032
Published Date: August - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationDermatology Diagnostic Devices Market Size
Dermatology Diagnostic Devices Market size was valued at over USD 6 billion in 2022 and is anticipated to grow at a CAGR of over 9.6% between 2023 and 2032. Dermatology diagnostic devices refer to medical equipment used to diagnose various skin conditions and diseases. These devices use advanced technologies such as infrared imaging, ultrasound, and optical coherence tomography to provide detailed images and information about the skin. Global dermatology devices industry is estimated to witness over 10% CAGR through 2032 driven by rising inclination towards cosmetic procedures in developed nations.
Dermatology diagnostic devices are designed to detect and analyse changes in the skin, such as pigmentation, inflammation, and other abnormalities, to help dermatologists make accurate diagnoses and develop effective treatment plans. Increasing advancements in technology, shifting patient preference for better physical along with favorable demographic trends are aspects boosting product demand for dermatology diagnostic devices market.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Dermatology Diagnostic Devices Market Size in 2022 | USD 6.3 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 9.6% |
| 2032 Value Projection | USD 15.2 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 187 |
| Tables, Charts & Figures | 246 |
| Segments covered | Product, Application, End-use, and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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Moreover, utilization of technologically advanced dermatology diagnostic devices for several skin disorders as well as for aesthetic procedures should impel dermatology diagnostic devices industry growth in upcoming years. Furthermore, growing cases of skin cancers should escalate demand for dermatology devices. Skin cancers are more prevalent in tropical countries such as India, Japan. Population living in tropical regions is more exposed to UV radiations that increases risk of skin cancers. According to DNA India, there is an increase in prevalence of nonmelanoma cancer that should enhance dermatology devices industry growth during the forecast period.
COVID-19 Impact
The COVID-19 pandemic had a moderate impact on the dermatology diagnostic devices market. During the pandemic, postponement or reduction of several non-essential diagnostic procedures and screenings to minimize the risk of virus transmission which restricted overall market demand. Also, declined patient visits to clinical settings adversely impacted on the product demand. Further, significant shift in healthcare research and development activities towards COVID-19-related diagnostics, treatments, and vaccines. This diversion of resources and attention temporarily impacted the development of new dermatology diagnostics devices and slowed down innovation in the field to some extent.
Dermatology Diagnostic Devices Market Trends
Hey! There's a growing buzz about skin issues these days. People are becoming more aware of skin problems, and they're willing to splurge on skincare. This is giving the skincare market a big boost. Tech is also playing a part. Companies are making cool new gadgets for skincare, and people are buying them up to help them diagnose skin problems better. This is a big deal, because it means people can get the right treatment faster. Women and men are getting skincare treatments to improve their looks and boost their confidence. Even though these treatments can be expensive, people are willing to pay for them because they want to feel good about their skin. The market is also getting a boost from companies that offer advanced skincare diagnostics and excellent customer service. This makes people feel more confident in the products and treatments they're using. Finally, skincare professionals are offering expert advice and a range of solutions for skin problems. This is helping to drive the growth of the dermatology devices market even further.
Dermatology Diagnostic Devices Market Analysis
In the world of dermatology, there's a wide range of devices that help doctors uncover skin issues. These range from imaging devices to microscopes and more. But out of all of them, imaging devices are the rockstars, holding over 59% of the market share. Why? Because our skin is under siege from conditions like psoriasis, lesions, and even skin cancer. In fact, in 2023 alone, over 12,500 people in the U.S. will lose their lives to melanoma. So, it's no wonder that doctors are turning to imaging devices to spot these problems early on. These devices help them see below the surface, allowing them to catch and treat these conditions before they cause major damage. As a result, the market for these devices is only going to keep growing in the years to come.
The dermatology diagnostic devices market by application is categorized into skin cancer, psoriasis, dermatitis hair & scalp disorders, acne, and others. Psoriasis segment garnered significant revenue size in the year 2022 and is estimated to flourish enormous growth over the analysis timeframe. Increasing prevalence of psoriasis and technological advancement for the diagnosis of psoriasis and psoriatic arthritis is anticipated to propel dermatology diagnostic devices industry expansion. Further, numerous initiatives including campaigns, research funding towards advancing diagnosis and treatment for psoriasis undertaken by associations will positively impact dermatology diagnostics devices market growth.
The dermatology diagnostic devices market by end-use is segregated into dermatology centers, hospitals, clinics, and others. The dermatology centers segment is accounted for more than USD 2 billion market size in 2022 and is anticipated to foresee high growth potential over forecast period. High segmental growth is owing to patient inclination towards aesthetic procedures, increasing prevalence of several skin disorders especially skin cancer. Moreover, high availability and accessibility for advanced technology for enhanced patient outcome among settings stimulating segmental revenue growth.
The U.S. market for devices that diagnose skin problems topped $2 billion in 2022 and is expected to balloon to over $4 billion by 2032. This massive growth is largely due to the rising number of skin cancers and the increasing amount of money spent on healthcare. Improvements in the technology used in these devices will also fuel growth in the U.S. market. More advanced devices are being used to diagnose and treat conditions such as atopic psoriasis and acne, which is leading to better outcomes. Major companies in the industry are investing heavily in research and development to find new ways to diagnose and treat skin cancer early on. This investment is expected to have a big impact on the industry's growth. Finally, the strong presence of leading companies that are constantly introducing new products will also drive growth in the U.S. market for skin diagnostic devices.
Dermatology Diagnostic Devices Market Share
Some of the notable key industry players operating in the dermatology diagnostic devices market include
- Carl Zeiss Meditec AG
- Caliber I.D Inc
- Michelson Diagnostics Limited
- STRATA Skin Sciences (MELA Sciences, Inc)
- BOMTECH ELECTRONICS CO
- Canfield Imaging Systems
- ILLUCO Corporation Ltd
- Nikon Corporation
- DermoScan GmbH
- Abbott Diagnostics
- Leica Microsystems GmbH
- Bruker Corporation
These industry participants are implementing several growth strategies such as collaborations, partnerships, acquisitions & mergers, and new product development and launches to strengthen product offerings as well as gain a competitive edge over others.
Dermatology Diagnostic Devices Industry News
- In August 2022, Caliber Imaging & Diagnostics, Inc. merged with VivaScope GmbH. This has expanded company’s development capabilities and product offerings in the medical imaging including dermatology diagnostics devices market.
- In December 2021, Canfield Scientific, Inc. acquired Medici Medical s.r.l. a prominent player in dermoscopy innovations and solutions and announced launch of Canfield Scientific s.r.l. in Italy. This has helped company to broaden its operational capabilities.
Dermatology diagnostic devices market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments
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By Product
- Imaging devices
- Dermatoscopes
- Microscopes
- Others
By Application
- Skin cancer
- Psoriasis
- Dermatitis
- Hair and scalp disorders
- Acne
- Others
By End-use
- Dermatology centers
- Hospitals
- Clinics
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Switzerland
- The Netherlands
- Poland
- Sweden
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- New Zealand
- Indonesia
- Thailand
- Vietnam
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Chile
- Peru
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Iran
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